Reuters News

BOSTON, June 8 (Reuters) – Private equity firm Terra Firma, which made a high-profile, ill-fated investment in music group EMI, is expected to start officially marketing its new fund early in 2012, a source familiar with the firm’s plans said on Wednesday. Terra Firma has been preparing the ground for a new fund and in […]

TORONTO, June 8 (Reuters) – BlackBerry maker Research In Motion bought social gaming company Scoreloop to help expand its Messenger application, challenged by this week’s launch of a similar instant messaging offering from Apple. Munich-based Scoreloop adds social elements, such as interactive play and social network integration, to existing mobile games. It can also enable […]

WILMINGTON, Del., June 7 (Reuters) – Self-proclaimed billionaire Lynn Tilton has dumped one of her retail companies into bankruptcy to rinse it of its debts while maintaining control, according to an attorney for a leading creditor. The Internet and catalog retailer of women’s fashion, Signature Styles LLC, filed for bankruptcy late on Monday. The business […]

(Reuters) – Renowned venture capitalist Vinod Khosla is joining the board of Square, a company headed by Twitter co-founder Jack Dorsey that allows consumers to pay for goods using their mobile phones. Menlo Park, California-based Khosla Ventures led Square’s initial $10 million venture round in 2009 and participated in its second $27.5 million round this […]

BOSTON, June 7 (Reuters) – Cerberus Capital Management sees a benefit to private equity firms having smaller fund sizes and expects to reduce its fund size in the future, co-founder Stephen Feinberg said in a rare public appearance on Tuesday. Large funds sometimes draw criticism from investors in private equity for being potentially less motivated […]

(Reuters) – NBC Universal and the Blackstone Group said on Monday they had reached an agreement under which NBCU will buy out the private equity firm’s 50 percent stake in Universal Orlando for around $1.025 billion. The deal values the theme parks transaction at about $3.165 billion, including debt, and is expected to close on […]

(Reuters) – The frothy market for Internet IPOs is raising the specter of a bubble, underscoring how little has changed despite lawsuits and investigations in the wake of the 1990s dot-com craze. In the past five weeks, investors clamoring for newly public Internet companies have driven up shares of career networking site LinkedIn Corp and […]

(Reuters) – Bankrate Inc said it expects to raise up to $320 million from its initial public offering that could value the publisher of online personal finance content at about $1.6 billion. Bankrate’s IPO could bring a potential windfall for its largest shareholder, Ben Holdings, backed by Apax Partners, which took the company private in […]

(Reuters) – Facebook Inc founder Mark Zuckerberg on Thursday said an alleged contract and emails that a New York man says entitle him to a huge stake in the social networking website are “forgeries.” In a filing in the U.S. District Court in Buffalo, New York, Facebook and Zuckerberg demanded that the man, Paul Ceglia, […]

NEW YORK, June 2 (Reuters) – Bank of America Corp spun off its last large private equity fund as it complies with post-crisis financial reform, creating North Cove Partners with more than $6 billion under management. North Cove will manage private equity investments on behalf of Bank of America and other investors, it said on […]